Agriculture loan

Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.

LT0002328

Goal
36,000 €
Raised
36,000 €
100%
Return rate
From 10.6%

Rating
B

Period
35

Time left

LTV
90%

Country
Lithuania

Loan purpose
Refinancing

Business information
Security measures
Loan history
Project owner Address
Xxxxxxxxxx Xxxxxxx
Xxxxxxšxxų x., Xxxxxxxxxx xxx., Xxxžų x.
header_1 Declared Owned
Dirbama žemė168.26 ha96.85 ha
20232022
Revenue 96,735.00 € 87,553.00 €
Net profit 4,888.00 € -34,020.00 €
Equity ratio 16.13% -
Project description
Documents
Payment schedule

HeavyFinance invites you to invest in a loan for a crop farm. The farmer started farming in 1998, when his parents gave him 10 ha of land. He now declares 168.26 ha of land, of which 96,85 ha are owned. 

The farmer grows wheat, rapeseed and barley. He doesn't hire any employees and works on the farm with the help of family members. The farm sells all its harvest to UAB Agrokoncernas and AB Linas agro.

The farm's machinery fleet consists of 4 tractors, 2 trailers, a sowing machine, a combine harvester and other smaller machinery. 

This is farmer's fourth loan on a HeavyFinance platform. This time he's asking for a loan to refinance the existing loans. The loan will be secured by two land plots owned by the farmer. 

Project risks

For this project, there is a risk of losing all the profits made and the funds invested.

In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.

Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.

Additional information:

If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.